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Operational risks are similar to unexpected events. It can derail business operations and throw you off guard. But what if you are prepared to face the risk? It would make things so much simpler!
One can say it is easier said than done. How about we understand this with an example? The Silicon Valley Bank collapsed in 2023! It is considered one of the biggest banking venture failures of the twenty-first century. Some critics blamed the Bank's risk management strategy, while some believed the internal banking operations were not well-regulated!
What caused Silicon Valley Bank to fail?Â
Silicon Valley Bank, founded in 1983, became the 16th largest bank in the US between 2019 and 2022. During this time, it witnessed tremendous growth. Its deposits were invested in treasury or other long-term bonds, giving little interest.
There are many theories about how one of the largest banks in the United States can collapse in two days. It was definitely not due to risky investments or fraud but the bank's lack of Operational Risk Assessment. A simple assessment would have helped understand the effects of receiving low returns on depositors' money.
Operational losses mainly occur due to poor processes, flawed policies, or unexpected system failures. These are operational risks. Further, operational risk assessments help anticipate these risks and prepare to manage them effectively.
In this article, we will overview Slide team’s Top 10 Operational Risk Assessment templates with Samples and Examples.
Please read our blog, Top 10 Project Risk Status Templates, to learn more about project risk assessment.
Critical Benefits of Measuring Operational Risks
Operational Risk Measurements have many critical benefits. They are an accurate method of understanding business processes, which further assists management in anticipating risks and avoiding them in the future!
Here are the advantages of measuring Operational Risks:
- It provides well-rounded and dependable business operations
- It lowers damages, threats, and fraudulent activities, thus reducing losses.
- It also assists with regulatory compliance.
- It offers better crisis management and control.
Let us explore the Top 10 Operational Risk Assessment Templates:
Template 1 - Operational Risk Assessment PowerPoint Presentation Slides
Every organization faces operational risks at one point or the other. Operational risks are inevitable as no internal processes or systems are entirely fool-proof. Therefore, management must take sufficient steps to ensure the risks are reduced and controlled to an acceptable level. Our slides on the operational risk assessment give a comprehensive overview of the management of risks within the organization. It helps to understand, identify, and assess the risks. Further, it offers the resources to monitor, minimize, and control the risks to provide a comprehensive risk assessment approach. Download today to prioritize the operational risks and the actions that need to be taken in case of their occurrence.Â
Template 2 - Types of Risks
Operational risks are primarily of two broad types. They can either be due to internal or external activities. While internal risks can be due to employee theft or misreporting of positions, external risks can occur due to robbery or forgery. This slide lists the external risks and internal risks graphically. It positions the external risks according to demand, regulatory, economic, or environmental factors. Internal dangers, on the other hand, are divided into strategic, operational, and risk-enabled dangers. Download the templates today to gain a perfect understanding of the types of risks faced within the organization.
Template 3 - Identify the Risk Categories
While assessing the operational risks in the organization, it is crucial to deal with its main objectives primarily. As risks are unavoidable, attempts to accurately identify risk categories are essential. This slide categorizes the various risks that an organization may or may not face shortly. It presents the main risk category, the sub-category, and the likely occurrence of the risk. It overviews the financial, operational, and strategic risks and highlights if the organization is headed for profitable growth or needs to develop a new product. It also provides data on pricing and if the product needs to leverage technology. Download today to identify and mitigate risks as quickly as possible.
Template 4 -Risk Tolerance
Operational risks have unwarranted consequences for an organization. Therefore, accurate risk estimation is crucial. If the risks outweigh the cost, then the organization can accept them. Further, assessing the risk also helps to plan and manage the risks appropriately. This slide offers the level of risk tolerance that an organization can bear after management has mitigated, managed, and transferred the risks appropriately. Operational risk tolerance is expressed using metrics and is divided as per the level of severity that it poses to the organization. Download today to understand whether the risk tolerance level is low, moderate, or very high!
Template 5 - Risk Assessment Plan
Operational risk assessment is a five-step process that includes risk identification, evaluation, mitigation, and monitoring. Any process or activity not aligning with the organization's objectives is identified as a potential operational risk. Further, the assessment prioritizes the high-risk processes that can cause undue losses to the organization. This slide overviews the steps, the potential hazards, and the level of risk for the organization. It highlights the control measures to be taken, the person responsible for monitoring the outcome, and the time it needs to be completed. Download today to create a formidable Risk Assessment plan for your organization.
Template 6 -Operational Alignment with Risk Assessment Approach
Risk assessment is a vital process that assists the organization in identifying impending operational risks and creating a suitable approach to mitigate them as quickly as possible. Risk assessment is beneficial in lots of different ways. Firstly, unidentified risks get immediate attention. Next, it aids in understanding who might be at risk. So, businesses can take a targeted approach and implement successful measures to reduce risks. This slide gives an illustrative approach to risk assessment in four distinctive steps. It highlights the current situation, the impact of the risk, its GAP analysis, and a roadmap to execute it. Download our template today to present your audience with a strategic risk and compliance approach model!Â
Template 7 - Operational Risk Assessment Methodology Model
Operational Risk Assessment is advantageous to an organization as it is instrumental in preventing unnecessary financial losses. It helps to identify high-risk items and reduce them by taking suitable measures. Further regulatory assessment identifies operating standard gaps and helps create successful strategies to mitigate them. Therefore, following a well-developed risk assessment methodology model is crucial to implement adequate risk management strategies. Our slide illustrates the operational risk assessment methodology model. It lists the risks identified, the estimated costs, and the risk evaluation. Download today!
Template 8 - Operational Risk Assessment Worksheet Establishing Operational Risk Framework Organization
Operational Risk Assessment is an ongoing process. Therefore, as a continuous strategy, monitoring of operational effectiveness is essential. Our slide illustrates the operational risk assessment worksheet. It covers the crucial risks that must be monitored, such as client and business practices, cyber-attacks, and internal fraud. Every potential risk is allotted based on the impact of risk that the organization might face in the near future. Download today to get an overview of the monetary, reputation loss, or loss of customer confidence.
Template 9 - Delivered Operational Risk Assessment Framework
The operational Risk Assessment framework is integral to an organization. It provides a systematic plan to reduce, mitigate, and address operational risk. Further, having an established framework will reduce costs and increase profits. Our slide provides an attractive representation of the Risk Assessment Framework. It gives an outlook on the identified risks, policy installation, and controls. Further, it helps to install controls, and the data is viewed using Metrics. Download our slides today to monitor and manage unique risks impacting the organization.
Template 10 - Operational Risk Assessment Likelihood And Impact Analysis Supplier Risk Management
Operational risk assessment does not end with simply by potential risk identification in the organization. An effective risk assessment strategy achieves the organization's objectives, ensuring the business continues without disruptions. This slide outlines the likelihood of risk, its impact on operations, and the measures to control it. It accurately analyzes the velocity, risk thresholds, and inherited risks the organization faces. Download today to understand the likelihood of risks and their overall impact on an organization.
Takeaway
A well-developed operational risk assessment is vital if an organization successfully aims to attain its objectives. This helps businesses progress without unexpected disruptions in case of system failures as they would be strategically prepared to face such a situation. Slide team’s Operational Risk Assessment Templates are ideal for presenting an effective Operational Risk Assessment strategy to the organization. Your team, top management, and potential stakeholders will understand the possible risks they might face and take the necessary steps in case of an unfortunate event. With the perfect strategy, you can analyze the risks that you can cover, the costs, and the time needed to get back to business. Download our slides and communicate an outstanding Risk Assessment Strategy to mitigate and avoid unforeseen future losses to your organization.
Please read our blog, Top 5 Cybersecurity Risk Dashboard Templates to learn more about effective cybersecurity.
